Tag: credit
StanChart forecasts rate cut if COVID-19 impact lasts beyond Oct
Standard Chartered has forecast a potential interest rate cut if the economic impact of Vietnam’s COVID-19 outbreak lasts beyond October.
PetroVietnam’s State budget payment surpasses 2021 target
The Vietnam Oil and Gas Group (PetroVietnam) has surpassed important business and financial targets set for the first nine months of 2021, with its contribution to the State budget fulfiling the yearly plan.
Banks’ profits forecast to decline by 19% in Q3
Profits of the banking industry in the third quarter of 2021 would decrease by 19% compared to the previous quarter due to slowing credit growth and increasing provision expenses, Yuanta Securities Vietnam estimated.
Vinpearl successfully issues exchangeable sustainable bond
Vinpearl, a major hospitality-recreation developer and operator in Vietnam, has successfully issued a US$425 million Exchangeable Sustainable Bond (ESB), exchangeable into shares of its parent company Vingroup.
Banks continue bond issuance to meet capital adequacy ratio
Banks have been promoting the mobilisation of medium- and long-term capital through bond issuance to meet the State Bank of Vietnam (SBV)’s requirements on capital adequacy ratio (CAR).
Fitch Ratings ranks PetroVietnam's Standalone Credit Profile at 'BB+'
Fitch Ratings has assessed the Vietnam Oil and Gas Group (PetroVietnam)'s Standalone Credit Profile (SCP) at 'BB+', reflecting the company's conservative financial profile, diversification and integration.
VIB wins two international awards for its credit cards
VOV.VN - The Vietnam International Commercial Joint Stock Bank (VIB) has been awarded both the Best New Card Offering - VIB Online Plus 2in1 and the Most Innovative New Credit Card Service - Vietnam 2021 by the International Finance magazine.
COVID-19: SBV issues new document on rescheduling of debt payments
The State Bank of Vietnam (SBV) on September 7 issued a circular directing foreign credit institutions and bank branches to reschedule debt payments, waive and reduce borrowing interest and fees, and maintain the groups in order to support customers affected by the COVID-19 pandemic.
Jump in COVID-19 cases to weigh on Vietnam’s economic recovery, says Fitch Ratings
An escalation in COVID-19 cases and deaths in July-August will undermine Vietnam’s previously strong recovery from the pandemic shock and may temporarily set back the positive rating momentum, said Fitch Ratings.
Mobile payment users in Vietnam rank third in the world
The rate of mobile payment in Vietnam is estimated at 29.1%, the third-highest in the world, according to Statista Digital Market Outlook.
